Tokio Marine (OTCMKTS:TKOMY) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• Tokio Marine Holdings Inc.'s stock price fell below its 50-day moving average, trading at $41.64, which is lower than the average of $43.01.
• Recent analyst ratings for Tokio Marine show a mix of opinions, with a strong-buy upgrade from Wall Street Zen and a strong sell downgrade from Zacks Research.
• The company reported $0.71 earnings per share for the last quarter, and analysts forecast an EPS of 3.51 for the current fiscal year.

Shares of Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $43.01 and traded as low as $41.55. Tokio Marine shares last traded at $41.64, with a volume of 121,353 shares traded.

Analyst Upgrades and Downgrades

TKOMY has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Tokio Marine from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 29th. Zacks Research lowered shares of Tokio Marine from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Tokio Marine currently has a consensus rating of "Reduce".

Tokio Marine Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.05 and a current ratio of 0.05. The stock's fifty day moving average price is $43.01 and its 200-day moving average price is $40.87. The company has a market capitalization of $80.53 billion, a P/E ratio of 11.44, a PEG ratio of 0.74 and a beta of 0.24.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $13.32 billion for the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. As a group, research analysts anticipate that Tokio Marine Holdings Inc. will post 3.51 EPS for the current fiscal year.

About Tokio Marine

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.

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